410 NW 47th Avenue, Miami, FL 33126

$2,650,000
6,052
SqFt

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List Price
$2,650,000
Status
ACTIVE
Days on Market
146
MLS#
A12004109
Subtype
Residential Income
Year Built
1960
Living Area
6,052
Subdivision
Flagler Grove Estates Ext
MLS Area Major
2410

Property Description

Cash-flowing 8-unit property generating $14,000/month plus an additional $300/month from on-site laundry, totaling $171,600 in annual revenue. The unit mix consists of four 2-bedroom/1-bath units and four 1-bedroom/1-bath units. Each unit is separately metered for electricity and features its own central A/C system with both indoor and outdoor components. The roof is only 5 years old, and the 40-year recertification has been recently completed. This is an ideal value-add opportunity for investors, with rents currently below market and all leases on a month-to-month basis. The landlord holds security deposits for all tenants. The property is well-maintained, with clean interiors, strong long-term tenants, and ample parking, including 8 assigned spaces and 2 guest spots. Call for private tour today.

Additional Information

Taxes
$19,214
Flooring
Tile
Heating
Central, Separate Meters
Air Conditioning
Central Air
Exterior Construction
Block
Stories
2
Roof
Shingle
Elementary School
Henry M. Flagler
Middle School
Kinloch Park
High School
Coral Gables

Listing courtesy of WERC Realty, LLC. Contact:

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Agent: Marc Anthony Salvat | Email: salvatdm@gmail.com